Page 116 - Small Business Taxes

16:31 - 2-Feb-2023
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Nonqualifying intangibles 32 Prepayment 15 Regulatory fees 48 Tax information in other
Not-for-profit activities 7 Per diem and car allowances 45 Reimbursements 44 languages 51
Not-for-profit activity, gross Percentage depletion 37 Business expenses 11 Tax preparation 50
income 7 Political contributions 49 Mileage 45 Tax preparation fees 48
Notice of Deficiency Pollution control facilities 35 Nonaccountable plan 46 Tax questions 51
CP3219N 53 Prepaid expense 6 Per diem 45 Tax scams 54
Extends useful life 24 Related persons: Taxes 12, 18
O Interest 17 Anti-churning rules 33 Carrying charge 25
Office in home 5 Rent 11 Coal or iron ore 40 Leased property 12
Oil and gas wells: Prepayment penalty 15 Payments to 7, 17 When To Deduct Taxes 18
Depletion 38 Presumption of profit 7 Refiners 38 Taxpayer Advocate Service
(TAS) 54
Drilling costs 26 Publication 1, Your Rights as a Unreasonable rent 11 Taxpayer Assistance Center
Partnerships 39 Taxpayer 54, 55 Reminder: (TAC) locator 54
S corporations 39 Publications (See Tax help) Premium tax credit 21 Telephone 50
Online payment agreement 53 Removal 28 Timber 34, 41
Online Tools & Educational Q Rent expense, capitalizing 13 Tools 5
Products 50 Qualified long-term care Repairs 49
Optional safe harbor method 6 insurance: Repayments (claim of right) 49 Trademark, trade name 32, 47
Optional write-off method: Benefits received 23 Reporting abusive tax transcript or copy of a return 52
Transportation (commuting)
Circulation costs 36 Chronically ill individual 23 preparers 52 benefits 10
Experimental costs 36 Qualified long-term care Research costs 25, 36 Travel 44
Intangible drilling and insurance contract 22
development costs 36 Qualified long-term care S
Mining exploration and services 22 U
development costs 36 Scammers 54 Understanding an IRS notice or
Research costs 36 R Section 179 expense deduction letter 54
(See Cost recovery)
Organization costs: Self-employed health insurance Unpaid expenses, related
Corporate 30 Real Estate Taxes 19 deduction 21 person 17
Partnership 30 Assessments Local 19 Self-Employed Health Insurance Utilities 50
Organizational costs 27 Charges for services 19 Deduction Worksheet 23
Original issue discount 15 Electing to ratably accrue to a Self-Employed Individuals Tax V
definite period 19
Other coverage 23 Form 3115 19 Center 50 Vacation pay 11
Other Taxes 20 Making the election to ratably Self-insurance, reserve for 24
Excise taxes 20 accrue the taxes 19 Sick pay 11 W
Franchise taxes 20 Purchase or sale of real Small Business Events 50
Fuel taxes 20 estate 19 Small Business Forms and Wages:
Occupational taxes 20 Separate elections to ratably Publications 50 Property 11
Personal property taxes 20 accrue for each separate Standard meal allowance 45 Tests for deducting pay 8
Sales taxes 20 trade or business and for Standard mileage rate 45 Welfare benefit funds 10
Outplacement services 48 nonbusiness activities 19 Standby charges 16 When To Deduct Premiums 24
Recapture: startup costs 27 When To Deduct Taxes:
P Exploration expenses 26 Startup costs 29 Carrying charges 19
Timber property 35
Limitation on acceleration of
Passive activities 6 Recordkeeping 39 Substitute return 53 accrual of taxes 19
Supplies and materials 50
Payments in kind 6 Recovery of amount deducted 6 Refunds of taxes 19
Penalties 15 Refiners who cannot claim T Uniform capitalization rules 19
Deductible 48 percentage depletion 38
Nondeductible 48 Reforestation costs 27, 34 Tax help 50

Publication 535 (2022) Page 57